Anchor Investment Management LLC Lowers Stock Holdings in FedEx Co. (NYSE:FDX)

Anchor Investment Management LLC lowered its holdings in FedEx Co. (NYSE:FDX) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,474 shares of the shipping service provider’s stock after selling 275 shares during the quarter. Anchor Investment Management LLC’s holdings in FedEx were worth $7,793,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of FedEx by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock valued at $1,281,335,000 after purchasing an additional 67,502 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FedEx by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after purchasing an additional 121,240 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of FedEx by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock valued at $465,031,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after purchasing an additional 13,093 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $281.08 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The company has a market cap of $68.67 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.17 and a beta of 1.18. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The firm’s fifty day simple moving average is $280.41 and its two-hundred day simple moving average is $280.60.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $4.55 earnings per share. Equities analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio is currently 34.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on FDX shares. TD Cowen reduced their price target on shares of FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. The Goldman Sachs Group reduced their price objective on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Barclays boosted their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $316.68.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.